LONDON BOMBING

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The 7 July 2005 London bombings (referred to often as 7/7) were a series of coordinated sucide attacks upon Londoners using the public transport system during the morning "rush hour". During that morning, four militants detonated four bombs, three on London Underground trains in quick succession, a fourth bomb exploding an hour later in a double-decker bus in Tavistock Square. Fifty-six people, including four bombers, were killed by the attacks, and about 700 were injured.
The explosions were caused by homemade, organice peroxide-based devices packed into rucksacks. 2005-07-07-Howard-panic-on-IR-226.jpg

Friday’s big global stock market rebound offers some reassurance that investors believe Thursday's terrorist attack on London will not cause serious economic damage. And indeed, economists expect the immediate impact to be relatively small and fleeting — provided the bomb blasts turn out to be an isolated incident rather than the beginning of a new wave of attacks across Europe.
But some researchers caution that the indirect economic effects of terrorism may be more significant than many people realize, both because they are so pervasive and because the likelihood of such attacks has been priced into financial markets long before this week’s events. money-handOnly3-white.jpg

A series of horrific bomb blasts in London on July 7 resulted in numerous innocent deaths and injuries. They also caused an immediate sell-off of U.K. and European equities, with the FTSE100 down as much as 4% at one stage and the FT Eurofirst down by 4.3%. U.K. and European stock indices bounced back later in the day, although they did not recoup all their losses. Meanwhile, markets in the U.S. barely flinched and actually gained ground on July 7.
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reference:

http://www.fundsupermart.com/main/research/viewHTMLPrint.tpl?articleNo=1677
http://en.wikipedia.org/wiki/7_July_2005_London_bombings

Pictures should have captions and should support the write-up. Also need to explain acronymns like FTSE. 6/10

Done by : LOW YILIAN(11) & LULILI(12)